1. The United States revoked the license authorizing Iranian oil sales, escalating geopolitical tensions and global supply concerns.
2. Brent and WTI crude oil prices surged significantly (3.01% and 2.76% respectively), while the 10-year US Treasury yield hit a fresh four-week high amidst a strengthening US dollar.
3. Middle East tensions flared as the US warned Iran regarding the Strait of Hormuz, and Iran declared it would respond decisively to any provocative actions.
US Revokes Iran Oil Sales License, Fueling Oil Surge & Geopolitical Tensions
